Finance
Cambridge, Oxford Universities to Help Start Low-Carbon Fund
- Fund will mirror MSCI index while excluding fossil fuels
- Universities, asset managers face pressure to act on climate
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Europe’s largest listed asset manager Amundi SA will partner with endowments at Cambridge and Oxford colleges to start a low-carbon index tracking fund.
The Amundi ESG Global Low Carbon Fund will aim to replicate performance on the MSCI All Country World Index. It will exclude fossil fuels and thermal coal, and aim to improve green revenues and reduce potential exposure to controversies, the company said.